Mani Sundaram - Mar 6, 2023 Form 4/A - Amendment Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role: EVP and GM Security
Signature: /s/ Shaan Majmudar, as power of attorney
Stock symbol: AKAM
Transactions as of: Mar 6, 2023
Transactions value $: -$111,586
Form type: 4/A - Amendment
Date filed: 3/31/2023, 04:32 PM
Date Of Original Report: Mar 8, 2023
Previous filing: Mar 3, 2023
Next filing: May 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKAM	Common Stock	Options Exercise	$0	+3.33K	+20.33%	$0.00	19.7K	Mar 7, 2023	See footnote	F1
transaction	AKAM	Common Stock	Tax liability	-$112K	-1.49K	-7.55%	$74.94	18.2K	Mar 7, 2023	See footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AKAM	Restricted Stock Units	Award	$0	+20K		$0.00	20K	Mar 6, 2023	Common Stock	20K	$0.00	Direct	F2, F3
transaction	AKAM	Performance Restricted Stock Units	Award	$0	+8.01K		$0.00	8.01K	Mar 6, 2023	Common Stock	8.01K	$0.00	Direct	F2, F4, F5
transaction	AKAM	TSR Restricted Stock Units	Award	$0	+12K		$0.00	12K	Mar 6, 2023	Common Stock	12K	$0.00	Direct	F2, F4, F6
transaction	AKAM	Restricted Stock Units	Options Exercise	$0	-3.33K	-33.32%	$0.00	6.67K	Mar 7, 2023	Common Stock	3.33K	$0.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee.
F2	Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F3	RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F4	The number of RSUs is being amended due to an inadvertent administrative error.
F5	Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2023, 2024 and 2025. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2025 are certified. Amount reported is target issuable.
F6	Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2023, 2024 and 2025. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2025 are certified. Amount reported is target issuable.